Beef Carcass Price Equivalent

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NW_LS410
Des Moines, IA     Mon, Sep 09, 2013     USDA Market News

USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE

                             CHOICE              SELECT
Index                       600-900#            600-900#
 Values =>                    $181.59             $167.41
 Change =>                      -0.53               -1.32
-----------------------------------------------------------------------------
Current Index Reflects the Equivalent of 197,454 head of cattle.
SUPPLY (Live)  125,232 Hd
Equivalent:                   $180.84             $166.96
DEMAND (Box)   72,222 Hd*
Equivalent:                   $182.33             $167.86
Live-Box Spread:              ($1.49)             ($0.90)
----------------------------  Input Breakdown   -----------------------------
         National Daily Direct Cattle          :      Boxed Beef Cutouts
        (5 day accumulated wghtd avg)          : Ch 600-900#          $194.33
                  Weight   Price     Head      : Se 600-900#          $179.86
  Live Steer:          1395   $123.10    45,068: Current Lds:           202.2
  Live Heifer:         1252   $123.14    36,483: Previous Lds:          146.4
  Drsd Steer:           897   $194.61    26,559
  Drsd Heifer:          784   $194.31    17,122
-----------------------------------------------------------------------------
      Grading % Breakdown            :         Drop Credit      :       14.09
 Ch 600-900# :                 72.39%:         Steer Dressing % :      64.09%
 Ch 600-750# :                 23.99%:         Heifer Dressing %:      64.08%
 Ch 750-900# :                 48.39%:         Processing Cost  :       12.00
 Se 600-900# :                 27.61%:         Slaughter Cost   :       50.50
 Se 600-750# :                  6.49%:
 Se 750-900# :                 21.13%:
-----------------------------------------------------------------------------
 Equivalent Values for Outlying Beef Carcass Types
 Basis Value = 181.59                       Carcass Weights
                             400-500#500-600#  600-900#  900-1000#  1000#/up
 Qlty/Yield      (1)           -27.33    -12.66               -4.61    -22.50
-----------------------------------------------------------------------------
 Prime 1-3            13.27   $167.53   $182.20   $194.86   $190.25   $172.36
 Certified 1-3         5.08   $159.34   $174.01   $186.67   $182.06   $164.17
 Choice 1              3.37   $157.63   $172.30   $184.96   $180.35   $162.46
 Select 1            -10.01   $144.25   $158.92   $171.58   $166.97   $149.08
 Stndrd 1-3          -25.27   $128.99   $143.66   $156.32   $151.71   $133.82
 Prime 4               0.50   $154.76   $169.43   $182.09   $177.48   $159.59
 Choice 4            -11.47   $142.79   $157.46   $170.12   $165.51   $147.62
-----------------------------------------------------------------------------
*Reflects total boxed beef load count from past 5 days
multiplied by 75, the average head per boxed beef load.
(1) differentials based upon current premiums and discounts.
Note: Index reflects simple average of live and box equivalents.

Source: USDA Market News Service, Des Moines, IA
        Bryant Smith  515-284-4460  Desm.LPGMN@ams.usda.gov
        24 Hour recorded market information 515-284-4830
        www.ams.usda.gov/mnreports/NW_LS410.txt
        www.ams.usda.gov/LPSMarketNewsPage


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